Queen’s Necklace Sells For $4.3M

Queen’s Necklace Sells For $4.3M

This platinum and diamond necklace that once belonged to Queen Nazli of Egypt had been part of a private collection up until its sale on Dec. 9, the proceeds of which will benefit an unnamed charitable foundation.

Click through this gallery to see the top five lots from Sotheby’s Dec. 9 sale of Magnificent Jewels.

New York–A platinum and diamond Van Cleef & Arpels necklace worn by Queen Nazli of Egypt sold for $4.3 million in New York Wednesday, just below the $4.6 million Sotheby’s had projected for the piece.

Made in 1939, the Art Deco necklace is set with more than 600 round and baguette diamonds arranged in a sunburst motif. The queen commissioned the necklace, as well as a matching tiara, for her daughter’s wedding ceremony.

Though the necklace was a prominent piece in Sotheby’s Magnificent Jewels sale, which brought in a total of $52.2 million, it was not the top lot of the auction.

Selling for $5.1 million, the highlight of the auction was a 25.87-carat cushion-cut sugarloaf cabochon sapphire, flanked by two bullet-cut diamonds and set into a platinum ring.

Following the sapphire ring and Queen Nazli’s necklace were a pair of impressive diamond rings.

The first was a 38.27-carat square emerald-cut diamond, flanked by tapered baguette diamonds and set in platinum. A buyer paid more than $4 million for the ring. The next highest-grossing lot of the auction was a 26.44-carat emerald-cut diamond flanked by two trapeze-cut diamonds, which garnered a little more than $2 million.

A complete list of results from the sale can be found on the Sotheby’s website.